TRW Is in Talks to Sell
Automotive-Parts Unit

TRW Inc. is in advanced discussions to sell its automotive-parts business to two big private-equity firms for about $5 billion in what would be the final transaction in its complex and lengthy auction, said people familiar with the matter.

The negotiations with Blackstone Group and Carlyle Group are still fluid, but a transaction could be reached as soon as this week, these people said. "It's moving reasonably quickly. There's...